IPL 7: Is Mukesh Ambani the wealthiest Indian cricket team owner?
Business tycoon Mukesh Ambani is the wealthiest Indian cricket team owner with an estimated net worth of USD 21.2 billion, according to a Wealth-X estimate.
New Delhi: Business tycoon Mukesh Ambani is the wealthiest Indian cricket team owner with an estimated net worth of USD 21.2 billion, according to a Wealth-X estimate.
Ambani is the Chairperson, Managing Director and the largest shareholder of Reliance Industries, and through Reliance, Ambani owns the Mumbai Indians, the defending IPL champions.
Managing Director of Reliance Industries. File Pic
According to Wealth-X, a global wealth intelligence and prospecting company, Ambani's worth is almost ten times the personal fortune of media baron Kalanidhi Maran who is at the second spot among the IPL owners and represents a significant chunk of the collective total. Collectively the eight ultra high net worth individuals on the Wealth-X list control USD 25.17 billion, the Wealth-X report said.
Kalanidhi Maran the owner of Sunrisers Hyderabad was placed in the second position with a net worth of USD 2.2 billion, followed by Vijay Mallya (Royal Challengers Bangalore, USD 640 million), and Sharukh Khan (Kolkata Knight Riders, USD 600 million) in the third and fourth place respectively. Others in the list include, Grandhi Mallikarjuna Rao (Delhi Daredevils, USD 270 million), Manoj Badale (Rajasthan Royals, USD 160 million), Narayanaswami Srinivasan (Chennai Super Kings, USD 70 million) and Preity Zinta (Kings XI Punjab, USD 30 million). To compile the list, Wealth-X selected the most prominent and significant shareholder from each of the eight teams competing in the ongoing IPL.
The 2014 IPL season began on April 16 and would run till June 1. There are eight teams vying for the trophy this season one less than 2013 after the withdrawal of the Pune Warriors India.
Wealth-X provides insight into the ultra wealthy with the world's largest collection of curated research on ultra high net worth (UHNW) individuals, defined as those with net assets of USD 30 million and above.